lifestyle

Here's How You Can Start Saving For Your Future By Investing Just RM100 A Month

Get rewards, tax relief, and potential positive returns on your long-term savings!

Cover image via Helena Lopes (Unsplash) / edited by SAYS

This Spotlight is sponsored by PPA Malaysia.

While you already know that saving up for the future is important, it can be hard to actually get around to doing it

From paying bills to daily expenses, and even the occasional #treatyourself moments, there's just so many things that we need our money for! So the very thought of taking a little bit away, even though we KNOW it's for our future good, can seem scary.

Many people seem to not plan ahead for retirement 'cause it just feels soooooo far away. Especially when you haven't been working for that long... you've got like 30 or 40 years left until retirement?

But the truth is, it never hurts to set aside a little extra for yourself in a savings and investment scheme.

The best part is that there's a really simple and affordable way to do just that - you can start saving in Private Retirement Schemes (PRS) for just RM100 a month!

It may not seem like much, but by starting small and saving consistently, you'll be able to build your savings over time.

This voluntary savings and investment scheme not only provides potential positive returns over the long-term, it also gives you personal tax relief of up to RM3,000 a year for your contribution.

It's truly a win-win situation for you!

Plus, it's a completely hassle-free experience, just sign up online and you're good to go

You'll be able to do everything online, from reviewing and managing your funds to making monthly top-ups.

There's even a bunch of handy online tools like retirement calculators and e-learning sources to help you take your savings even further.

With this easy, convenient, and secure method, saving for your future has never been easier ;)

There's no better time to start because Private Pension Administrator Malaysia (PPA), the central administrator of PRS, is currently running a special contest that helps boost your savings with RM100 Monthly Treats

Image via Giphy

Join the PRS Online Enrolment Treats Contest in just two steps:
1. Sign up for a PRS account via PRS Online by PPA
2. Answer three simple questions

Once completed, you'll automatically be in the running to get a PRS Treat worth RM100 in PRS units in the Monthly Draw.

The Grand Prize is really awesome! As long as you sign up during the contest period, you stand a chance to get Grand PRS Treats worth up to RM3,000.

Check out the awesome prizes you could get:

  • Grand Prize worth RM3,000 in PRS units
  • Second Prize worth RM2,000 in PRS units
  • Third Prize of RM1,000 in PRS units
Terms apply.

Already a PRS Member? No worries, you can still participate through referrals. If the people you refer get the Monthly PRS Treat, you'll automatically get RM100 in PRS units too!

Image via SAYS

The contest is happening from now until 30 November 2019, so don't miss out and register now. Get more information on the PRS Online Enrolment Treats contest here.

Image via PPA Malaysia

Click here for more information about how to save for your future with PPA.

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